For the quarter, the computer software, hardware and services giant reported revenue of $29.5 billion, a bit below the Street consensus at $29.71 billion, but non-GAAP profits of $4.71 a share topped the Street at $4.62. Non-GAAP gross margin was 50.2%, up 1.1 points from a year ago. Revenue was up 2% from a year ago, or 1% adjusting for currency.

The company said it expects 2012 non-GAAP profits of at least $14.85 a share, which is a bit above the old consensus at $14.82.